Google Answers: Replacement Cost verses Actual Cash Value.

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Q: Replacement Cost verses Actual Cash Value. ( No Answer, 0 Comments )

Question

Subject: Replacement Cost verses Actual Cash Value.
Category: Business and Money > Accounting
Asked by: ricky50-ga
List Price: $5.00

Posted: 30 Oct 2002 11:06 PST
Expires: 29 Nov 2002 11:06 PST
Question ID: 93335

Building damaged by fire.  My policy offers 'replacement cost' or
'actual cash value'.   I understand that I need to document the
repairs to get replacement cost.  However, do I have to document any
repairs when I receive a check for losses against the actual cash
value?

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